BY BRAD BECKETT ON OCTOBER 25, 2022
Redfin says space in suburban homes was worth more than space in urban areas for the first time since they started tracking this data in 2018. Click here to read more.
According to their report, a typical home in suburban neighborhoods nationwide was worth $206 per square foot at the end of September versus $205 in urban neighborhoods. Basically,
“As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers”